Singapore-based shipowner to spend $1.4 billion to hit 2025 net-zero target

Mr James Marshall started Berge Bulk in 2007 with just 12 ships. ST PHOTO: NG SOR LUAN
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Singapore-based shipowner Berge Bulk is investing US$1 billion ($1.4 billion) over the next three years to hit its net-zero targets, said founder and chief executive James Marshall.

Mr Marshall told The Straits Times that the firm had started on its green drive from its inception in 2007 and had already cut emissions by 45 per cent, compared with 2008 levels, by 2020, well ahead of the recommended targets set by the International Maritime Organisation (IMO).

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Find out more about climate change and how it could affect you on the ST microsite here.